| ~Pa e | |||
|---|---|---|---|
| Trustees, registered office etc |
|||
| Trustees' Report |
2-5 | ||
| Statement ofTrustees' | Responsibilities | ||
| Independent Examiners |
Report | ||
| Income and Expenditure | Account | ||
| Balance Sheet | |||
| Notes to the Financial | Statements | 10-11 |
| THE WI | NNIE MABASO FOUNDATION | NNIE MABASO FOUNDATION | ||
|---|---|---|---|---|
| INCOME | AND EXPENDITURE ACCOUNT | |||
| I'OR TIlk; YFAR h."NDh:D 31DECEMBER 2022 | ||||
| Notes | 2022 | 2021 | ||
| RESOURCES EMPLOYED | ||||
| Income: | ||||
| Donations received Donations received designated Bank Interest Received 1-'und raising |
lc Id |
296,958 1,272 55 606 |
282,910 178,017 1,104 119440 |
|
| 353,836 | 681,471 | |||
| DIRECT COSTS | ||||
| Expenditure: | ||||
| Project costs Child Sponsorship and Training |
48,651 | 53,654 | ||
| Orphanage running costs Orphanage repairs Education Tropic I-Iouse repairs Motor Expenses Travel costs in South Africa |
223,747 8,239 40,639 15,915 35,581 161,559 11,445 15,828 29,043 30,302 |
|||
| Groceries and supplies Fundraising costs |
29,139 886 49,452 815 |
|||
| 64~02 797 | ~352 098 | |||
| SURPI,US/(DEI'ICIT) BEFOREOTHER COSTS | (48,961) | 229,373 | ||
| Travel costs including flights CEO Salary (incl. National Ins) Profic/(loss) on sale ofasset Fraudulent bank activity Pension contributions and charges Depreciation Bank charges BDO fees Fxchange rate gain/loss |
lh | 3,014 37,500 (1,794) 1,250 1,500 20,847 2,792 589 21 530 1,511 36,042 (12,448) 1,500 26,490 3,203 174 6 134 |
||
| ~87 228 | 62 606 | |||
| SURPLUS/(DEFICIT) AFTER OTHER COSTS | (136,189) | 166,767 | ||
| RESERVES AT START OF YEAR | ~162 608 |
~1460 41 | ||
| RESERVESAT END Ol YEAR | ~14 1 419 |
~162 608 |
| page s | |||||||
|---|---|---|---|---|---|---|---|
| THE | WINNIE | MABASO | I'OUNDATION | ||||
| BAI.ANCE | SHEETAS AT31"DECEMBER | 2022 | |||||
| Notes | 2022 | 2021 | |||||
| TANGIBI EFIXED | ASSETS | ||||||
| 13uilding Computer Equipment Motor Vehicles Solar |
k Other Assets | 5 5 5 5 |
105,943 1,298 32,268 45 979 |
108,421 1,938 40,165 48 068 |
|||
| 185488 | 198592 | ||||||
| CURRENT ASSETS | |||||||
| Cash at Bank and in Iland Prep ayments |
6 | 1,305,931 | 1,429,016 | ||||
| I 305931 | 1 429 016 | ||||||
| TOTAI. ASSETS | 1,491,419 | 1,627,608 | |||||
| Wages | |||||||
| PAYE Control | |||||||
| Pension Control | |||||||
| PAYE Control (South Africa) | |||||||
| TOTAI ASSETSI,ESSI.IABII.ITIES | ~14 141 | ~162 6 8 |
|||||
| RESERVES | |||||||
| General Fund | 1,272,443 | 1,289,516 | |||||
| Designated Fund |
218 976 | 338092 | |||||
| TOTAI. RESERVES | ~14 1~41 | ~162 608 |
| TANGIBI.E | I'IXED | ASSETS | ||||||
|---|---|---|---|---|---|---|---|---|
| Other Assets | & | |||||||
| Solar | Buildings | Computer | Motor | Total | ||||
| Equipment | Vehicle | |||||||
| Cost: | ||||||||
| At 1"January 2021 Additions |
52,248 | 123,906 | 12,155 | 83,420 | 271,729 | |||
| Disposals | 25,766 (26,9011 |
25,766 (26,901) |
||||||
| At 31"December 2020 | ~224 | 12390 | . | ~12 15 | ~3420 | ~21 222 | ||
| Depreciation At 1"January 2021 Charge for year On Disposals |
4,180 2,090 |
15,485 2,478 |
10,217 639 |
43,255 15,640 ~8877 |
73,137 20,847 ~8877 |
|||
| At 31"December 2021 | 6270 | 17963 | ~108 6 | 50018 | 85 107 | |||
| Net Book Value | ||||||||
| At 31"December 2020 | ~4 | ~1421 | 1 | 38 | ~40 1 5 | 195,~52 | ||
| At 31"December 2021 | 45 978 | 105943 | ~2 26 | 185488 | ||||
| 6. CASH AT BANI& |
||||||||
| 2022 | 202I | |||||||
| Barclays Bank Plc Cash in hand FNB |
1,263,381 69 |
1,376,054 1,129 |
||||||
| Nedbank BDO StaffLoan |
12,431 30,050 |
14,811 37,022 |
||||||
| ~1593 | l429416 | |||||||
| 7. MOVEMENI |
IN RESERVES | General | ~Desi ected | |||||
| As at 1"January 2022 Surplus/(I oss) for the year At 31"December 2022 |
1,289,516 (17,073) 1~22.443 |
338,092 (1]9,116) 218 976 |
||||||
| DESIGNATED RESERVFS |