Hugh Swainson
8.6.2021
| Unrestricted | Restricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|
| Notes | funds | funds | funds | 2020 | 2019 | |
| £ | £ | £ | £ | £ | ||
| INCOMEFROM | ||||||
| Donations | 1 | - | 246,356 | 246,356 | 356,010 | |
| Charitableactivities | ||||||
| ProvisionofsupportforUCT | 2 | 76,000 | - | 76,000 | 76,000 | |
| Investments | 3 | 11 | 8,541 | 8,552 | 15,387 | |
| TOTALINCOME | 76,011 | 254,897 | - | 330,908 | 447,397 | |
| EXPENDITUREON | ||||||
| Raisingfunds | 4 | 67,417 | - | 67,417 | 87,355 | |
| Charitableactivities | ||||||
| ProvisionofsupportforUCT | 5 | 373 | 372,701 | - | 373,074 | 463,398 |
| TOTALEXPENDITURE | 67,790 | 372,701 | - | 440,491 | 550,753 | |
| NETINCOME/(EXPENDITURE) | 8,221 | (117,804) | - |
(109,583) | (103,356) | |
| TRANSFERS | ||||||
| Gainsoninvestments | 8 | 36,323 | 36,323 | 112,422 | ||
| NETMOVEMENTINFUNDS | 8,221 | (117,804) | 36,323 |
(73,260) | 9,066 | |
| RECONCILIATIONOFFUNDS | ||||||
| Fundbalancesbroughtforward | 88,216 | 271,427 | 898,729 | 1,258,372 | 1,249,306 | |
| FUNDBALANCES | ||||||
| CARRIEDFORWARD | ||||||
| AT31DECEMBER2020 | 11 | 96,437 | 153,623 | 935,052 | 1,185,112 | 1,258,372 |
| Notes | 2020 | 2019 | |
|---|---|---|---|
| £ | £ | ||
| FIXEDASSETS | |||
| Tangibleassets | 7 | 712 | 1,085 |
| Investments | 8 | 645,694 | 750,751 |
| 646,406 | 751,836 | ||
| CURRENTASSETS | |||
| Debtors | 9 | 69,930 | 169,425 |
| Cashatbankandinhand | 478,424 | 346,146 | |
| 548,354 | 515,571 | ||
| LIABILITIES | |||
| Creditors:Amountsfallingduewithinoneyear | 10 | 9,648 | 9,035 |
| NETCURRENTASSETS | 538,706 | 506,536 | |
| TOTALASSETSLESSCURRENTLIABILITIESANDNETASSETS | 1,185,112 | 1,258,372 | |
| THEFUNDSOFTHECHARITY | |||
| Endowmentfunds | 11 | 935,052 | 898,729 |
| Restrictedincomefunds | 11 | 153,623 | 271,427 |
| Unrestrictedincomefunds | 11 | 96,337 | 88,116 |
| TrustFundcapital | 11 | 100 | 100 |
| TOTALCHARITYFUNDS | 12 | 1,185,112 | 1,258,372 |
| 2020 | 2019 | ||
|---|---|---|---|
| Note | £ | £ | |
| NETCASHUSEDINOPERATINGACTIVITIES | 13 | (17,654) | (92,870) |
| CASHFLOWSFROMINVESTINGACTIVITIES | |||
| Interestandinvestmentincomereceived | 8,552 | 15,387 | |
| Receiptsfromsalesofinvestments | 361,380 | 49,432 | |
| Purchasesofinvestments | (220,000) | (49,432) | |
| Purchaseoftangiblefixedassets | - | (125) | |
| NETCASHPROVIDEDBYINVESTINGACTIVITIES | 149,932 | 15,262 | |
| CHANGEINCASHANDCASHEQUIVALENTS | |||
| INTHEYEAR | 14 | 132,278 | (77,608) |
| Cashandcashequivalentsatbeginningofyear | 346,146 | 423,754 | |
| CASHANDCASHEQUIVALENTSAT | |||
| ENDOFYEAR | 478,424 | 346,146 |
| Unrestricted | Unrestricted | RestrictedEndowment |
RestrictedEndowment |
Total | Total | |
|---|---|---|---|---|---|---|
| funds | funds |
funds | 2020 | 2019 | ||
| £ | £ |
£ | £ | £ | ||
| 1. | DONATIONS | |||||
| Donationsfromfoundations,trusts | ||||||
| andcompanies | 142,555 | 142,555 | 141,495 | |||
| Donationsfromindividuals: | ||||||
| IncludingGiftAid | - | 75,041 |
- | 75,041 | 159,325 | |
| Other | 28,760 | - | 28,760 | 55,190 | ||
| - | 246,356 |
- | 246,356 | 356,010 | ||
| In2020,donationstotalling£246,356 | (2019: | £356,010)werereceivedor | pledged,ofwhich | £246,35 | ||
| (2019:£356,010)wererestrictedfunds. | ||||||
| Unrestricted | RestrictedEndowment |
Total | Total | |||
| funds | funds |
funds | 2020 | 2019 | ||
| 2. | INCOMEGENERATEDBYTHE | |||||
| PROVISIONOFSUPPORT | ||||||
| FORUCT | ||||||
| Operatinggrantcontributions | ||||||
| receivablefromtheUniversity | ||||||
| ofCapeTown | 76,000 | 76,000 | 76,000 |
| Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|
| funds | funds | funds | 2020 | 2019 | |
| INVESTMENTINCOME | |||||
| Bankinterestreceivableon | |||||
| shorttermcashdeposits | 11 | 261 | - |
272 | 1,147 |
| Incomefrominvestments | listedon | ||||
| arecognisedstockexchange: | |||||
| UK | - | 8,280 | - | 8,280 | 14,240 |
| 11 | 8,541 | 8,552 | 15,387 |
| Unrestricted | Restricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|
| funds | funds | funds | 2020 | 2019 | ||
| 4. | EXPENDITUREONRAISINGFUNDS | |||||
| Directcosts: | ||||||
| Alumnifunctioncosts | - | 4,246 | ||||
| AlumniAppeal | 2,662 | 2,662 | 2,758 | |||
| Supportandgovernancecosts | ||||||
| (seenote6) | 64,755 | 64,755 | 80,351 | |||
| 67,417 | 67,417 | 87,355 |
| Unrestricted | Restricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|
| funds | funds | funds | 2020 | 2019 | ||
| £ | £ | £ | £ | £ | ||
| 5. | COSTSINCURREDINTHE | |||||
| PROVISIONOFSUPPORT | ||||||
| FORUCT | ||||||
| Directcosts: | ||||||
| Grantsgiveninsupportof | ||||||
| theUniversityofCapeTown | 372,701 | 372,701 | 463,011 | |||
| programmes | ||||||
| Supportcosts(seenote6) | 373 | 373 | 387 | |||
| 373 | 372,701 | 373,074 | 463,398 |
| Costsofgenerating | Costsincurred | Governance | Total | Total | ||
|---|---|---|---|---|---|---|
| voluntaryincome | inprovision | costs | 2020 | 2019 | ||
| ofsupportfor | ||||||
| UCT | ||||||
| £ | £ | £ | £ | £ | ||
| 6. | SUPPORTCOSTS | |||||
| Consultancyand | ||||||
| administration | 39,653 | - | 39,653 | 51,013 | ||
| Traveland | ||||||
| accommodation | (878) | - | (878) | 1,691 | ||
| Communicationsand | ||||||
| stationery | 2,350 | - | 2,350 | 2,435 | ||
| Operatingleaserentals: | ||||||
| Landandbuildings | 8,100 |
- | 8,100 | 8,100 | ||
| Otherofficecosts | 5,992 | - | 5,992 | 8,112 | ||
| Auditor'sremuneration: | ||||||
| Auditfees | - | - | 9,538 | 9,538 | 9,000 | |
| Depreciation—owned | ||||||
| assets | 373 | - | 373 | 387 | ||
| 55,217 | 373 | 9,538 | 65,128 | 80,738 |
| TANGIBLEASSETS | ||||
|---|---|---|---|---|
| Office | Furniture | |||
| Computers | equipment | andfittings | TOTAL | |
| £ | £ | £ | £ | |
| Cost: | ||||
| 1January2020 | 3,545 | 1,022 | 1,770 | 6,337 |
| Disposals | (385) | (385) | ||
| 31December2020 | 3460 | 1,022 | 1,770 | 5,952 |
| Depreciation: | ||||
| 1January2020 | 2,720 | 1,022 | 1,510 | 5,252 |
| Disposals | (385) | - | (385) | |
| Chargeforyear | 331 | 42 | 373 | |
| 31December2020 | 2,666 | 1,022 | 1,552 | 5,240 |
| Netbookvalue: | ||||
| 31December2020 | 494 | 218 | 712 | |
| 31December2019 | 825 | 260 | 1,085 |
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| 8. | INVESTMENTS | ||
| Investmentslistedonarecognisedstockexchange,heldprimarily | |||
| toprovideaninvestmentreturn,atmarketvalue: | |||
| Marketvalue1January2019 | 750,751 | 638,329 | |
| Additions | 220,000 | 49,432 | |
| Disposalproceeds | (361,380) | (49,432) | |
| Realised(losses)/gains | (18,524) | 16,135 | |
| Unrealisedgains | 54,847 | 96,287 | |
| 31December2020 | 645,694 | 750,751 | |
| Atthebalancesheetdate,themarketvalueoftheportfoliocomprised: | |||
| UKinvestments | 645,694 | 750,751 | |
| Unittrustfundsandothersimilarsecurities | 645,694 | 750,751 | |
| Atthebalancesheetdate,thehistoricalcostoftheinvestmentswas£495,616 | (2019:£509,846). | ||
| Individualholdingsrepresentingmorethan5%ofthemarketvalue | |||
| oftheportfolioatthebalancesheetdateareasfollows: | |||
| BlackRock | 426,743 | 750,751 | |
| CCLA | 109,007 | ||
| StonehageFleming | 109,944 | ||
| 645,694 | 750,751 | ||
| 2020 | 2019 | ||
| £ | £ | ||
| 9. | DEBTORS | ||
| Prepayments | 5,029 | 6,650 | |
| Accruedincome | 58,500 | 153,750 | |
| Incometaxrecoverable | 6,401 | 9,025 | |
| 69,930 | 169,425 |
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| CREDITORS | ||
| Amountsfallingduewithinoneyear: | ||
| Accruals | 9,648 | 9,035 |
| Transfers | ||||||
|---|---|---|---|---|---|---|
| 1January | Gainson | between | 31December | |||
| 2020 | IncomeExpenditure | investments | funds | 2020 | ||
| £ | f | f | £ | £ | f | |
| Endowmentfunds | (heldatBlackRock,Stonehage | Fleming, | CCLAorincash): | |||
| GlaxoChairFund | 673,015 | - | 14,498 |
- | 687,513 | |
| LawFacultyFund | 155,538 | 14,885 | - | 170,423 | ||
| MibashanFund | 21,446 | 2,007 | 23,453 | |||
| OatesFund | 39,041 | 3,670 | 42,711 | |||
| AndrewsFund | 4,206 | 439 | - | 4,645 | ||
| KaplanAward | 5,483 | 824 | 6,307 | |||
| 898,729 | 36,323 | 935,052 | ||||
| Transfers | ||||||
| 1January | Gainson | between | 31December | |||
| 2019 | IncomeExpenditure | investments | funds | 2019 | ||
| £ | £ | £ | £ |
£ | £ | |
| Endowmentfunds | (heldatBlackRockorincash): | |||||
| GlaxoChairFund | 590,443 | 82,572 | - | 673,015 | ||
| LawFacultyFund | 135,153 | 20,385 | 155,538 | |||
| MibashanFund | 18,675 | 2,771 | 21,446 | |||
| OatesFund | 33,994 | 5,047 | - | 39,041 | ||
| AndrewsFund | 3,638 | 568 | - | 4,206 | ||
| KaplanAward | 4,404 | - | 1,079 |
5,483 | ||
| 786,307 | - | 112,422 |
898,729 |
| Transfers | |||||||
|---|---|---|---|---|---|---|---|
| 1 | January | Gainson | between | 31December | |||
| 2020 | Income | Expenditure | investments | funds | 2020 | ||
| £ | £ | £ | £ | £ | £ | ||
| Restrictedincomefunds: | |||||||
| Undistributedendowment | funds | income- | |||||
| GlaxoChairFund | 12,702 | 7,184 | 11,895 | - | 7,991 | ||
| LawFacultyFund | 301 | 902 | 867 | 336 | |||
| MibashanFund | 260 | 128 | 236 | 152 | |||
| OatesFund | 470 | 229 | 425 | - | 274 | ||
| AndrewsFund | 41 | 19 |
38 | - | 22 | ||
| KaplanAward | 392 | 21 | 393 |
20 | |||
| ABALOBI | 40,020 | 3 | 40,000 | - | 23 | ||
| BaxterTheatre | - | 4,056 | 3,694 | - | 362 | ||
| BursaryFund | 80,609 | 36,545 | 66,528 | (41) | 50,585 | ||
| ChildGuidanceClinic | - | 1,250 | 1,000 | - | 250 | ||
| COVID-19Emergency | - | 19,311 | 15,808 | 3,503 | |||
| DistinguishingUCT | 50,832 | 2,165 | 15,013 | - | 37,984 | ||
| FacultyofEBE | - | 3,125 | 3,125 | ||||
| FacultyofHealthSciences | - |
12,500 | 12,500 | ||||
| FoodSecurity | - | 411 | 411 | ||||
| FutureWaterInitiative | 312 | - | 313 | 1 | - | ||
| GraduateSchofBusiness | - | 43,778 | 43,772 | - | 6 | ||
| JulianBaringSchFund | 219 | 34,975 | 34,975 | - | 219 | ||
| KeswickPrize | 1,881 | 2 | - | 1,883 | |||
| Kopano | 63 | 7,125 | 7,188 | - | - | ||
| LaptopProject | - | 3,500 | - | 3,500 | |||
| LawFacultyFund | 364 | 19,857 | 14,050 | 6,171 | |||
| Libraries | - | 625 | 625 | - | |||
| NMandelaSchool | 6,836 | 253 | 7,089 | ||||
| OperaSchool | 1,856 | - | 1,875 | 40 | 21 | ||
| PerinatalMentalHealth | - | 389 | 389 | - | - | - | |
| ResearchProjects | - | 45,040 | 45,040 | - | - | - | |
| ResidencesFund | 20 | 120 | 120 | - | - | 20 | |
| ProfRobertsonFund | 2,475 | - | 2,200 | - | - | 275 | |
| RugbyClub | 7 | 75 | 100 | (18) | |||
| SchoolsImprovement | 70,670 | 6,974 | 41,578 | - | 36,066 | ||
| SHAWCOFund | 782 | 897 | 1,303 | 376 | |||
| Spiritof68Award | 28 | 1,025 | 1,000 | - | - | 53 | |
| StudentDebtFund | - | 2,413 | 2,400 | - | - | 13 | |
| Interestdistributed | 287 | - | 287 | - | - | - | |
| 271,427 | 254,897 | 372,701 | 153,623 |
| Restrictedincomefunds(Continued): | Restrictedincomefunds(Continued): | Restrictedincomefunds(Continued): | Restrictedincomefunds(Continued): | ||||
|---|---|---|---|---|---|---|---|
| Transfers | |||||||
| 1 | January | Gainson | between | 31December | |||
| 2019 | Income | Expenditure | investments | funds | 2019 | ||
| £ | £ | £ | £ | £ | £ | ||
| Restrictedincomefunds: | |||||||
| Undistributedendowmentfunds | income- | ||||||
| GlaxoChairFund | 11,832 | 12,378 | 11,508 | 12,702 | |||
| MibashanFund | 232 | 251 | 223 |
260 | |||
| OatesFund | 420 | 452 | 402 | 470 | |||
| AndrewsFund | 37 | 41 | 37 |
41 | |||
| LawFacultyFund | 186 | 1,761 | 1,646 | 301 | |||
| KaplanAward | 263 | 393 | 264 | 392 | |||
| ABALOBI | 50,016 | 4 | 10,000 | 40,020 | |||
| BursaryFund | 101,711 | 53,601 | 74,078 | (625) | 80,609 | ||
| DistinguishingUCT | 2,752 | 101,125 | 53,045 | 50,832 | |||
| FacultyofEBE | - | 37 | 37 | - | |||
| FacultyofHealthSciences310 | - | 310 | - | ||||
| FitzpatrickInstitute | - | 5,002 | 5,000 | 2 | |||
| FutureWaterInitiative | - | 1,250 | 938 | 312 | |||
| JulianBaringSchFund | 204 | 10,410 | 10,395 | 219 | |||
| KeswickPrize | 1,873 | 8 | - | 1,881 | |||
| Kopano | - | 750 | 687 | 63 | |||
| LawFacultyFund | 1,228 | 14,868 | 16,357 | 625 | 364 | ||
| MShuttleworthSchshps77,549 | 28 | 77,500 | 77 | ||||
| NMandelaSchool | 125 | 45,156 | 38,445 | 6,836 | |||
| Neurosciences | 56 | - | - | - | 56 | ||
| OperaSchool | 3,896 | 648 | 2,688 | 1,856 | |||
| Price/PoselPGSchsps | 2,346 | 10,020 | 12,250 | 116 | |||
| ResidencesFund | 30 | 120 | 130 | 20 | |||
| ProfRobertsonFund | 3,469 | 1,256 | 2,250 | 2,475 | |||
| RugbyClub | 13 | 75 | 81 | - | 7 | ||
| SchoolsImprovement | 104,330 | 9,278 | 42,938 | 70,670 | |||
| ScienceLearningCentre | - |
100,036 | 100,000 | 36 | |||
| SHAWCOFund | 191 | 1,293 | 702 | 782 | |||
| Spiritof68Award | 3 | 1,125 | 1,100 | 28 | |||
| 363,072 | 371,366 | 463,011 | 271,427 |
| Transfers | ||||||
|---|---|---|---|---|---|---|
| 1January | Gainson | between | 31December | |||
| 2020 | Income | Expenditure | investments | funds | 2020 | |
| £ | £ | £ | £ | £ | £ | |
| Unrestrictedincome | ||||||
| funds: | ||||||
| GeneralFund | 88,116 | 76,011 | 67,790 |
- | - | 96,337 |
| TrustFundCapital: | ||||||
| Capital | 100 | 100 | ||||
| TotalFunds | 1,258,372 | 330,908 | 440,491 | 36,323 |
- | 1,185,112 |
| Transfers | ||||||
|---|---|---|---|---|---|---|
| 1January | Gainson | between31December | ||||
| 2019 | Income | Expenditure | investments | funds | 2019 | |
| £ | £ | £ | £ | £ | £ | |
| Unrestrictedincome | ||||||
| funds: | ||||||
| GeneralFund | 99,827 | 76,031 | 87,742 |
- | - | 88,116 |
| TrustFundCapital: | ||||||
| Capital | 100 | - | 100 | |||
| TotalFunds | 1,249,306 | 447,397 | 550,753 | 112,422 | - | 1,258,372 |
| ANALYSISOFNETASSETSBETWEENFUNDS | |||
|---|---|---|---|
| Net | |||
| 2020 | Fixed | current | |
| assets | assets | Total | |
| £ | £ | £ | |
| Endowmentfunds | 645,694 | 289,358 | 935,052 |
| Restrictedincomefunds | 153,623 | 153,623 | |
| Unrestrictedincomefunds | 712 | 95,725 | 96,437 |
| NETASSETS | 646,406 | 538,706 | 1,185,112 |
| Net | |||
| 2019 | Fixed | current | |
| assets | assets | Total | |
| £ | £ | £ | |
| Endowmentfunds | 750,751 | 147,978 | 898,729 |
| Restrictedincomefunds | - | 271,427 | 271,427 |
| Unrestrictedincomefunds | 1,085 | 87,131 | 88,216 |
| NETASSETS | 751,836 | 506,536 | 1,258,372 |
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Netmovementinfunds | (73,260) | 9,066 |
| Depreciationoftangiblefixedassets | 373 | 387 |
| Interestincomeshownininvestingactivities | (8,552) | (15,387) |
| Net(gain)/lossoninvestments | (36,323) | 43,253 |
| Decreaseindebtors | 99,495 | 25,805 |
| Increase/(decrease)increditors | 613 | (319) |
| Cashusedinoperatingactivities | (17,654) | (92,870) |
| 1 | January | 31December | ||
|---|---|---|---|---|
| 2020 | CashFlows | 2020 | ||
| f | f | f | ||
| Cash | 346,146 | 132,278 | 478,424 | |
| 1 | January | 31December | ||
| 2019 | CashFlows | 2019 | ||
| f | f | f | ||
| Cash | 423,754 | (77,608) | 346,146 |
| At31December2020thecharityhadfutureminim cancellableoperatingleasesassetoutbelow: |
umpaymentsleasepayments | undernon |
|---|---|---|
| Landand | Landand | |
| Buildings | Buildings | |
| 2020 | 2019 | |
| f | f | |
| Fallingduewithinoneyear | 6,990 | 8,100 |
| Fallingduebetweenonetofiveyears | 6,990 | |
| 6,990 | 15,090 |