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|i&court ofthe Directors||
|---|---|
|Btetement of Dlmctors'|responsibilities|
|independent<br>auditor's|report|
|Statement offinancial|activities|
|income and expenditure<br>account||
|Balance sheet||
|Notes to the financial|statements|





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||2020|2020|||||
|---|---|---|---|---|---|---|
||Restricted|Unrestricted|202D|Total|2019|Total|
||Funds|Funds||Funda||Funds|
|INCOMINt2 RESOURCEB|||||||
|Incoming<br>resources froni charitable|||||||
|ncfivltlas|||||||
|Donebons<br>anf Fund Raiair g<br>fundraising|105,34D<br>0|109,787<br>8,295||216,107<br>8,l'?95||375.368<br>28.9f3|
|Totrd Incoming<br>resources|106,340|110,062||224r402||404,281|
|RESOURCKS EXPENDED|||||||
|Charitable<br>activities<br>Educatiorl<br>Adminisua9on<br>Govern<br>anoe<br>Funtiraising|30,180|156,755<br>1,916<br>3,456||188,936<br>1,i016<br>3, i56||304.389<br>1.950<br>5.256<br>7,478|
|Total resources expended|3D,100|164,127||194,308||310,081|
|NET MOVEMEMT IN FUNDS FOR THK YEAR<br>Funda bffwd|70.160<br>4r400|(40.060)<br>138,00D||30,094<br>142,450||05,230<br>57.220|
|Funds carried forward 31 October 2020|00,810|01,934||172,544||142,450|





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||2026|2010|
|---|---|---|
||2|2|
|INCOME|||
|Donsbons<br>unrestricted<br>Donslions<br>restdoted<br>Fundreising<br>unreelnuusd|199,767<br>106,340<br>8,295|375,918<br>4,450<br>25,913|
|Total income|224r462||
|EXPENOITURE<br>Eduusti err<br>Admlnlsmnion<br>Govern<br>ence<br>Fundreislng|188,936<br>1,9IIB<br>3,456<br>5|304,369<br>1,950<br>5,256|
|Totel expenditure|104.308|310.051|
|Excess oiinoome over expenditure|~30094|85,230|
|The notes on pages 12-15form perl ofthese gnsnulel slslernents,|||





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|African Gifted Fou<br>Balance Sheet as|ndation<br> at 31 October|2020|||
|---|---|---|---|---|
|||||7010|
|feting|||||
||||174,206|t40Pra|
|Coggf7770B:~|due withm one year|0|f88527|f7W0)|
|FtJftftgU~ Fcrnds|||01.004|180dt00|
|Funds|||||
|||11|172.544|142c460|





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|2 DICONING|RESOURCES FRODI CHARITASLE ACTIVBIEF|2320|2D19<br>0|
|---|---|---|---|
|||1INI.H37|370,910|
|||106,340|4,400|
|Flr rej rerllflg||8,795|284313|
|||224,403||
|3 EDUCATKIN EXPENOITURH||232D||
|||2||
|4 ADNDSDT|RATION EXPENDITURE|2220|2D19|
|Admirer ltebarl||5|3<br>~190D|
|5 GOVERNANCE COSTS||2320|2019|
|||b|e|
|AedrI Ieeb<br>AroourderroT|mmN|L390<br>I,IDB|1,500<br>3.456|
|6 FUHO<br>RAISING||2120||
|||b||
||||7476|



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|0|OESTOR8r|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2320|2019|
|||||||||0|E|
|0|CREOITGRSr|A14CUHTS|FALLING|UUE|WITHIN|OHE|YEPJI||2019|
||||||||||e<br>~30|





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||||||||||2010e|
|---|---|---|---|---|---|---|---|---|---|
|||||||||2L3GI||
|||||||||2,130||
|||||||||371<br>~25 Iyo||
|The average|mnrmy nmnba||olemployees||mmng|ttm pmlad eases (ceous||||
|||||||||3520|2019|
|||||||||Na.|Na,|
|'yrmeras eld~<br>Tl4 tnmlaOS<br>Ora eI vnhrdeare<br>ro~m<br>recalled<br>any||||nhn Uns mse time <br> orb.'bmm8mfrorn||arm~n09O4 «herDe.<br>NOne OI <br>an~aonlhe ohantvg019||Ihe Iruslees hav» been psm any<br>U151||



## 

|||||DaknCa|m|In«OmlnD|In«OmlnD|Roose«car|Galanclsl|Sa|
|---|---|---|---|---|---|---|---|---|---|---|
|||||3IIIDIIDID<br>5||losorrrv4e||errperl dad|3UIDNOZD<br>5|3IIIDMDID<br>5|
|Unnmuktsd<br>Raslrlmed|rends<br>Imt«9|||135,90D<br>4450|||1 solid<br>1%L340|104,1st<br>DG100|51.334<br>NL 110|130.aee<br>~450|
|T«4st Ftm <br>Reelncted|de<br> ttmm|rd 25051012019||Dl 450I meste terhsmemv|rvmrmd||tcr~R smvmm.||113544<br>The need«lead|1444IM<br>funds e elm uee|
|nn chmtubk<br>sett«Mm er Ummed|||Sy ms tludees.||||||||
|12 ANALYSIS OF INT ADDSTS||||SEIWEEN FUNDS|||||||
||||||||203D|2D20|2520|2519|
|||||||Reelrlmsd||Unreltdmed|Tctm|Total|
||||||||Funds|Funds|Fmlde|Funds|
|||||||||5|e|5|
|Ounonl alecto<br>Cunmo<br>Immmm|||||||DO,IH0|IM,DNI<br>fADDU|135456<br>CLISR|tdSDTD<br>(3,53M|
|Tmm rtvs|sormle||||||tl10|51034|||



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